Barcelona given a lifeline with £155.3m investment from Mexican firm

Barcelona given a lifeline with £155.3million investment from Mexican firm… set to dig the Catalonians out of a serious financial hole after FFP breaches

  • Barcelona have sold 49% of Barca Studios for £155.3m to a Mexican investor 
  • Barca find themselves in £1.1billion of debt and were recently penalised by UEFA
  • The money will allow them to buy and register players in the transfer window

Barcelona have agreed a £155.3million deal with Mexican investment firm, Mountain Nazca, for a 49% share of Barca Studios that will allow them to compete in the transfer market.

In August of last year, the club sold two 24.5% stakes of their media company to Socios.com and Orpheus Media.

But according to COPE, both firms allegedly missed a June investment deadline of £26m and requested a delay to the second payment date after injecting an initial £8.6m into the business.

This comes amid dire financial straits at the club with Barca currently finding themselves in £1.1billion of debt after years of heavy spending.

However, Mountain Nazca have given the Catalonians a lifeline with a significant financial boost.

Barcelona are in £1.1billion of debt and were recently handed a £431,423 fine by UEFA for misreporting ‘profits on disposal of intangible assets (other than player transfers) which are not a relevant income under the regulations’.

The £155.3m investment will help Barcelona level their books and enables them some breathing room in the transfer market

As per Mas Que Pelotas, the paperwork has been signed and is pending approval from La Liga, who oversee all economic levers.

The investment will allow Barcelona to buy and register new players for the upcoming season, which is set to commence this weekend.

So far, Barca have only been able to bring in free transfers or players at cut prices while first-team wages have been slashed and many members of the squad have been sold to help balance the books. 

Barcelona were recently handed a £431,423 fine by UEFA for misreporting ‘profits on disposal of intangible assets (other than player transfers) which are not a relevant income under the regulations’.

They will need to be mindful of staying in the green this season to avoid further financial fair play breaches. 


Source: Read Full Article